Georgia Woman Sentenced to Federal Prison for Bank Fraud Scam

FOR IMMEDIATE RELEASE

April 22, 2011

Montgomery, Alabama - Shirene Wallace, age 42, of Ellenwood, Georgia, was
sentenced on April 20, 2011, to 36 months in federal prison for engaging in an identity theft and
bank fraud scheme which was operated in Georgia, Alabama, North Carolina and South
Carolina, U.S. Attorney Leura G. Canary announced today. Chief United States District Judge
Mark E. Fuller also sentenced Wallace to 5 years supervised release and ordered her to pay
restitution in the amount of $73,626.63, and a special assessment fee $200.

Wallace previously pled guilty to one count of conspiracy to commit bank fraud and one
count of bank fraud. According to court documents, in 2008, Wallace and her co-defendants,
April Mitchell and Denise Appleton, executed a scheme to defraud federally-insured financial
institutions by opening lines of credit in stores using other persons’s names and then using the
fraudulent store credit cards to purchase goods and services. Wallace’s co-defendants have
pleaded guilty and are awaiting sentencing.

Wallace is scheduled to voluntarily surrender to the custody of the Federal Bureau of
Prisons on June 1, 2011.

This case was investigated by the United States Secret Service, Alabama Bureau of
Investigation and the Department of Public Safety. The case was prosecuted by Assistant United
States Attorneys Jerusha T. Adams and Brent Woodall.